The new report by Expert Market Research titled, ‘Global Image Intensifier Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global image intensifier market, assessing the market based on its segments like diameters, applications, industry verticals, and regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2021): USD 5.6 Billion
• Forecast CAGR (2022-2027): 2.95%
• Forecast Market Size (2027): USD 6.60 Billion
The global market for image intensifier is being driven by the upations in government regulations aimed towards militating theft, abduction, murder, assault, harassment, and gang-wars, among others. The market is anticipated to be led by the growing adoption of image intensifying surveillance cameras by security agencies and police in the emerging economies, owing to the increasing expenditure and security budget. Over the forecast period, image intensifiers are likely to witness a significant demand from the residential sector, on account of growing safety concerns, security of the property and prevention from vandalism. These are some factors which are expected to have a positive influence on the growth of the market. In terms of region, North America accounts for a significant share in the market and is anticipated to grow at a considerable rate in the forecast period as well. This can be associated with the growing adoption of image intensifiers in the healthcare industry owing to the increasing cases of musculoskeletal injuries.
Industry Definition and Major Segments
Image intensifier is referred to as a vacuum tube device which intensifies the amount of light in order to enhance the visibility of objects in a dark environment. In other words, image intensifiers facilitate the visual imaging in darkness by bolstering the intensity of the available light.
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On the basis of diameter, the market is divided into:
• Below 18 mm
• 18 mm
• 25 mm
• 6 inches
• 9 inches
• 12 inches
• 16 inches
• Others
The market segmentation based on application includes:
• Cameras
• Scopes
• Goggles
• X-Ray Detectors
• Others
The market based on industry vertical can be classified into:
• Medical
• Defence and Surveillance
• Industrial
• Others
The regional markets for image intensifier include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The advancements in the night vision cameras and goggles in the army, navy, and air force of the major economies of the world is likely to be a major trend propelling the market growth in the forecast period. The market growth is likely to be augmented by the rising government expenditure towards the research and development activities in the military and defence sector. The technological advancements in the healthcare industry, coupled with increasing inclination of healthcare staff towards closed nailing devices, is likely to be another crucial trend defining the growth of the market.
Key Market Players
The major players in the market are L3Harris Technologies, Inc., Siemens Healthcare GmbH, Thales Group, Alpha Optics Systems Inc., and Canon Medical Systems, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
